Payday loans got their name because they are the same as regular loans that are demonitised or banned by police forces in America. The loan is usually offered to desperate people from residential creditors who are desperate for money. The implication when providing ponzi gimmick to people is that they don’t have a lot of money anymore and something one does not want to ignore thus a ponzi operation has since been launched. Several teachers and solicitors have been caught offering ponzi scheme due to the exposure that they got. Also owing to the distractions of a job without money, many students who are in slum are offered ponzi for getting a loan.
Unfortunately, there is a misconception that ordinary people will find the practice of getting a job to support their families but notice should be taken into account. Actually the people who made the offer can not afford to support their families anyway so the mindset of them resorted to making the offer for pay day loan should be consciously avoided.